5736 Riverside Drive
About This Property
Welcome to 5736 Riverside Dr, Cape Coral, FL 33904, an adorable and truly rare home located in the premier Cape Coral Yacht Club community. This special property is one of the first eight homes built in all of Cape Coral and has been lovingly owned by the same family since 1958, when it was built! Completely remodeled in 2023–2024, the home offers modern peace of mind with all-new drywall, new flooring, new cabinetry, brand-new roof, new plumbing, new electrical, newer garage door, newer Bahama shutters, and hurricane shutters on all windows. The home is being offered fully furnished and turnkey, featuring beautiful furnishings throughout. Strong rental history. Enjoy classic Florida living with two quaint screened-in lanais-one welcoming you at the front porch and another overlooking the backyard. While there is no pool, the private backyard offers plenty of room to add one or create your own outdoor oasis. Situated on one of the best streets in the Yacht Club, enjoy a quick golf cart ride to Cape Coral Beach, the future marina, dining, and entertainment. The Cape Coral Yacht Club is undergoing a $225 million redevelopment, including a new community center, resort-style pool, marina, waterfront restaurant, and expanded parking-adding tremendous future value to this already exceptional location.
Whether you're looking for a primary residence, vacation home, or investment, this historic and beautifully updated property is a rare opportunity in one of Cape Coral's most iconic neighborhoods. WELCOME TO PARADISE!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017